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Definition of Bonded debt
1. Noun. (legal) : That part of the entire indebtedness of a corporation or state that is represented by bonds it has issued; a debt contracted under the obligation of a bond. ¹
¹ Source: wiktionary.com
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1. Noun. (legal) : That part of the entire indebtedness of a corporation or state that is represented by bonds it has issued; a debt contracted under the obligation of a bond. ¹
¹ Source: wiktionary.com